Funding you earn now, next payment 06:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.020%
Price spread now: KuCoin against Lighter RH−0.077%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1361.364% of the position
Funding, last 7 days+0.117%+$12 on $10k
+Price spread, last 7 days+0.025%+$3 · spread now −0.077%, 7d avg −0.021%
=Together, before fees+0.142%+ Points / potential airdropLighter RH: Points live · farm board+$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.057% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.077% now, against its 7-day average of −0.021%). If the spread goes back, that is −$6 on $10k: about 2.8 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH MSFT | 504.05 | 0.0032 | pay 0.0004% / 1h | 7m 01s | $712K | $2.0M | 20x |
| Short | KuCoin MSFTUSDTM | 503.66 | 0.0100 | get 0.0100% / 8h | 2h 07m | $1.6M | $57K | 20x |
Lighter RH MSFT
KuCoin MSFTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Lighter RH. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $14.28
- Price spread: −0.077% → −0.021%
- −$5.67
- Slippage, 4 orders
- −$124.4
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$127.79
- Costs to cover
- 1.364%
- Break-even
- 69.6 days
Slippage from Lighter RH: live order book, 1 min ago; KuCoin: live order book, 4 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Lighter RH live order book, 1 min ago | 1.39 bp | 2.0 bp −$2 | 5.2 bp −$52 | 46.3 bp −$4,635 | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 8.34 bp | 80.1 bp −$80 | doesn't fit | doesn't fit | doesn't fit |
MSFT on 34 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | −0.0903% | 4h | 504.37 | +0.063% | $103K | $242K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0064% | 1h | 503.76 | −0.058% | $684K | $493K | 10x | as long as short |
| Nado MSFT-PERP | −0.0019% | 1h | 503.93 | −0.023% | $415K | $68K | 20x | as long as short |
| Hotstuff MSFT-PERP | −0.0008% | 1h | 503.81 | −0.048% | $33K | $8K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.95 | −0.019% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 504.18 | +0.025% | $338K | $1.2M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 504.29 | +0.048% | $15.8M | $19.6M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 504.00 | −0.010% | $7.3M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 504.29 | +0.048% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.98 | −0.014% | $3.1M | $1.8M | 100x | as long as short |
edgeX MSFTUSDC
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
Hotstuff MSFT-PERP
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSFTUSDT | 0.0000% | 8h | 504.24 | +0.038% | $3.8M | $3.0M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 504.20 | +0.029% | $1.3M | $499K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 504.28 | +0.046% | $19K | $323K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 505.02 | +0.192% | $6K | $3.9M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 504.16 | +0.022% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 504.46 | +0.081% | $2.2M | $814K | 10x | as long as short |
| Phoenix MSFT | +0.0016% | 1h | 503.87 | −0.036% | $11K | $15K | 20x | as long as short |
| BloFin MSFT-USDT | +0.0021% | 8h | 504.36 | +0.062% | $189K | $207K | 20x | as long as short |
| Lighter RH MSFTlong | +0.0032% | 1h | 504.05 | long leg | $712K | $2.0M | 20x | |
| QFEX MSFT-USD | +0.0036% | 1h | 504.18 | +0.026% | $1.1M | $4.8M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.99 | −0.012% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 504.13 | +0.016% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.79 | −0.052% | $22.4M | $9.0M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.90 | −0.030% | $303K | $717K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 504.11 | +0.012% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.83 | −0.044% | $522K | $476K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0058% | 8h | 504.16 | +0.021% | $222 | — | 5x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0087% | 1h | 504.02 | −0.006% | $27K | $43K | 10x | as long as short |
| Lighter MSFT | +0.0088% | 1h | 504.26 | +0.042% | $1.2M | $516K | 20x | as long as short |
| KuCoin MSFTUSDTMshort | +0.0100% | 8h | 503.66 | −0.077% | $1.6M | $57K | 20x | |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.79 | −0.052% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 504.10 | +0.010% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 504.15 | +0.019% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.48 | +0.085% | $116K | $45K | 30x | as long as short |
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
Phoenix MSFT
BloFin MSFT-USDT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Deribit MSFT_USDC-PERPETUAL
Lighter MSFT
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP